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Gold/Mining/Energy : JAB International (JABI)

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To: Roebear who wrote (2977)2/13/1998 12:41:00 PM
From: Eric Freeman  Read Replies (1) of 4571
 
You are right - and you seem to be one of the only ones to perceive this.(That as negative as I seem I am interested and will buy if it looks right) I am looking for a buy point. However I am a patient person at this point and am looking for a solid base, or a cathartic over sold situation.
Without elaborating - but seriously - almost every study I put on this chart comes up with a sell signal. Hard to buy against that.
How low will it go. Nothing surprises me these days - on the upside or downside. I have noticed that this very hyper market is brutal these days because expectations have reached very high levels everywhere. This means that even if BCMD has all the right pieces the stock could go right down, and then recover if the money is there to carry out all that is necessary to come into major production. That is if all else is above board.
The problems so many juniors are facing means they often finance at very low prices and dilute, or they try and put together a joint venture deal etc. Many are just holding on with proven situations.
No point rambling on - as I have said - will not make me unhappy if this stock turns and heads up - I will try and be there if it looks right, what else am I supposed to do? Buy it when it looks weak?
As for trying to read anything in to TA right now - I would go with the base line - almost every study says sell. When (if) they start to flash buy, then I will comment. If anyone out there has buy signals then tell us specifically. What study, and details, so we can replicate or dispute it. Specifically Jeffery - have never been able to come up with chart that says any sort of accumulation taking place.

Eric
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